Beacon Communities Development LLC (BCD) is a full service award winning residential development company with expertise in all aspects of multifamily housing development. Since 1995, we have completed over 3,000 units of new construction or substantial rehabilitation and another 2,800 units of financial restructuring or acquisition, some with limited rehabilitation.
BCD has the demonstrated capacity to undertake complex residential real estate transactions. We have designed, permitted, and built developments ranging from the adaptive reuse of historic urban buildings to garden-style suburban developments. All of our developments have some element of permitting, planning, or financing complexity. Most developments have all three.
We have extensive experience with complicated permitting, including use of special permits and comprehensive permits through Massachusetts General Laws Chapter 40B. BCD has successfully permitted many sites that posed significant environmental challenges, including wetlands, river crossings, rare species, toxic waste, mine subsidence problems, historic preservation restrictions, and noise attenuation difficulties. Our goal is always to confront such issues carefully and thoroughly, allowing us to respect and improve the natural and built environments, meet regulatory requirements, and achieve our developments’ programmatic needs.
BCD has completed three wholesale replacements of large-scale, seriously distressed public housing projects through the federal HOPE VI program. These three developments are Southwood Square in Stamford, Connecticut, Monterey Place in New Haven, Connecticut, and Oak Hill in Pittsburgh, Pennsylvania. Each required the demolition of isolated, barracks-like projects and the creation of entirely new neighborhoods that had to be re-integrated into the surrounding street and utility grids
Almost every BCD development has involved some degree of financial complexity. We have extensive experience with private financing sources. The deals with the most complicated financial arrangements involve several different federal, state, and city funding sources, including low-income housing tax credits, historic preservation tax credits, public housing funding, and housing vouchers, as well as private debt.
We at Beacon understand how to work with partners, communities, and local governments when developing housing. Our aim is to coordinate developments in a way that addresses a wide variety of needs and concerns.
- CASE STUDIES:
The Woodlands at Abington Station
Cambridge Oxford Apartments
The Cordovan at Haverhill Station and Haverhill Lofts
- NEW DEVELOPMENT:
Sacred Heart Apartments
Ocean Shores Apartments
The Homes at Easthampton Meadow